Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Integris Wealth Management LLC

Integris Wealth Management LLC lifted its stake in Netflix, Inc. (NASDAQ:NFLX) by 16.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 392 shares of the Internet television network’s stock after purchasing an additional 55 shares during the period. Integris Wealth Management LLC’s holdings in Netflix were worth $349,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Enzi Wealth grew its position in shares of Netflix by 3.4% during the fourth quarter. Enzi Wealth now owns 331 shares of the Internet television network’s stock worth $316,000 after buying an additional 11 shares in the last quarter. Advisory Resource Group lifted its stake in Netflix by 0.7% in the third quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network’s stock worth $1,238,000 after acquiring an additional 12 shares during the last quarter. Insight Wealth Strategies LLC grew its holdings in Netflix by 1.9% during the 4th quarter. Insight Wealth Strategies LLC now owns 656 shares of the Internet television network’s stock worth $585,000 after acquiring an additional 12 shares in the last quarter. Sunflower Bank N.A. increased its position in shares of Netflix by 2.1% in the 4th quarter. Sunflower Bank N.A. now owns 575 shares of the Internet television network’s stock valued at $513,000 after purchasing an additional 12 shares during the last quarter. Finally, D.B. Root & Company LLC raised its holdings in shares of Netflix by 4.1% in the 4th quarter. D.B. Root & Company LLC now owns 331 shares of the Internet television network’s stock valued at $295,000 after purchasing an additional 13 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Netflix

In related news, CEO Theodore A. Sarandos sold 1,278 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $767.05, for a total value of $980,289.90. Following the completion of the transaction, the chief executive officer now owns 2,556 shares of the company’s stock, valued at approximately $1,960,579.80. The trade was a 33.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jay C. Hoag sold 617 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $979.71, for a total transaction of $604,481.07. The disclosure for this sale can be found here. In the last three months, insiders sold 105,516 shares of company stock worth $92,377,637. 1.76% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on NFLX shares. Rosenblatt Securities raised Netflix from a “neutral” rating to a “buy” rating and increased their target price for the company from $680.00 to $1,494.00 in a report on Wednesday, January 22nd. StockNews.com lowered Netflix from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Phillip Securities cut Netflix from a “hold” rating to a “moderate sell” rating in a research note on Friday, January 24th. UBS Group increased their price target on shares of Netflix from $1,040.00 to $1,150.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Finally, Wedbush restated an “outperform” rating and set a $1,150.00 price objective (up previously from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,021.70.

Netflix Stock Performance

NFLX opened at $973.24 on Friday. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $999.00. The stock has a market cap of $416.31 billion, a P/E ratio of 49.08, a P/E/G ratio of 2.03 and a beta of 1.27. The stock’s 50 day simple moving average is $901.54 and its 200 day simple moving average is $774.15. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.13.

Netflix (NASDAQ:NFLX) last posted its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating the consensus estimate of $4.20 by $0.07. The company had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. Netflix’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.11 earnings per share. As a group, equities analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Netflix Company Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.